Exams › IBPS PO › English

What is the main concern of the author behind saying that “the alarm bells should start ringing anytime now”?

1. The current economic growth is slowing down due to regular failure of monsoon.
2. Due to power shortage, industrial growth could not touch the target.
3. Household savings are sinking and they require to be revamped.
4. Due to a sharp decline in real interest rates, people have lost their enthusiasm to invest in government schemes.
5. All the above

Correct answer: Household savings are sinking and they require to be revamped.

Solution

The passage warns that household savings are moving away from financial instruments into physical assets like gold and land, which are locked in and not available for investment. This creates concern for future infrastructure funding and economic growth. Hence, the author’s alarm is about weakening household savings for productive use.

Related IBPS PO English questions

• What is the main objective of the government in presenting the Union Budget?
• Where is the government expected to invest to stimulate growth?
• What does it mean that India will continue to be a “haven of stability”?
• Why is the government providing tax incentives to companies in the manufacturing sector?
• Which one of the following is NOT a suggestion considered by the government?
• What are the primary reasons behind the current economic slowdown?

⚔️ Practice IBPS PO English free + battle 1v1 →